Meet Our Team
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Naruhisa Nakagawa
CIO / Founder
Naruhisa has over 20 years of multi-asset investment experience including within the prop trading desks of Goldman Sachs and Merrill Lynch. He launched his own strategy in 2009 before establishing Caygan to provide investment products that generate absolute returns over the longer term.
Nanda Lokanathan
CEO
Nanda has over 16 years of in-depth front and back office experience in multi-asset and multi-strategy investment firms. He applies his multidisciplinary background to drive Caygan’s growth as a quality institutional asset management firm that attracts and nurtures talent.
Kah Ming, Tan
Legal & Compliance
Kah Ming manages Caygan’s regulatory footprint across multiple jurisdictions. She is a former lawyer with a leading private law firm and a statutory board. She holds a LLB from National University of Singapore and a Diploma in Governance, Risk and Compliance.
>10 years with us.
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Chris Millar
Business Development
Chris is responsible for business development and client relations. He has over 30 years of industry experience in trading and sales in fixed income and derivatives at leading investment banks and hedge funds. He holds a BA and MA in Economics from Cambridge University.
>5 years with us.
Teruko Kyuden
Fundamental Research
SVP of VC Investments
Teruko performs fundamental research on public and private companies globally. She is also responsible for Venture Capital (VC) deal sourcing. Teruko was formerly an investment banker with Goldman Sachs and Merrill Lynch. She holds an MBA from London Business School and a BA in Economics from the University of Tokyo.
>9 years with us.
Terutoshi Saiki
Macro Research
Terutoshi performs macro research on key countries/regions globally. He first joined as a new graduate and has established himself as a macro expert utilizing large data sets and high frequency data. Terutoshi holds a BSc in Physics and MSc in Economics from the University of Tokyo.
>11 years with us.
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Kie Kuriyama
Fundamental Research
VC Investments
Kie performs fundamental research on public and private companies globally. She is also responsible for Venture Capital (VC) deal sourcing. She was formerly a fixed income sales analyst with Citigroup Global Markets. Kie holds a MBA from National University of Singapore and a LLB from Keio University.
>9 years with us.
Takafumi Watabe
Financial Statement Research
Takafumi is a certified public accountant has more than 10 years experience auditing private companies in Japan. He has also taught accounting in Japanese Universities for over a decade. Takafumi is presently engaged by us as a specialist consultant.
>13 years with us.
Yuji Otsuka
Quantitative Research
Yuji performs quantitative analysis on multiple asset classes and securities. He first joined as an intern and has established himself as a Quant expert creating models to price, hedge and risk-manage complex financial instruments. Yuji holds a BSc and MSc in Economics from the University of Tokyo.
>10 years with us.
Kaiser Lim
Trading
Kaiser joined us in 2016 having formerly worked as a commodities and FX derivatives trader. He is presently expanding his scope to cover multiple asset classes in various markets. Kaiser was previously with Barclays Bank. He holds a BSc in Accounting and Finance.
>7 years with us.
Joanne Loke
Trading
Joanne trades for multiple asset classes across markets globally. She has over 15 years experience in trading and operations covering various asset classes within the fund management industry. Joanne holds a BSc in Economics, and a MSc in Accounting.
>14 years with us.
Terence Tham
Trading
Terence trades for multiple asset classes across markets globally. He first joined in 2011 and has gained in-depth training across fund operations, risk and trading functions within Caygan. Terence was formally with Citi Private Bank. He holds a BSc in Banking and Finance.
>12 years with us.
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Lik Yuen, Koo
Fund Operations
Lik Yuen covers fund operations and risk monitoring. She has over 13 years experience in similar roles within hedge funds and asset managers. Lik Yuen holds a double degree in Business and Information Systems from Singapore Management University.
>9 years with us.
Daniel Chan
Fund Operations
Daniel joined us in 2016 within fund operations and has expanded his scope to cover AML/KYC and related areas. He was formerly with Citco Fund Services. Daniel holds a Bachelor of Business (Economics and Finance).
>7 years with us.
Caroline Day
Administration
Caroline covers general administration, HR and accounting functions. She has over 30 years of relevant experience across various industry sectors in both small and multi-national firms.
>9 years with us.
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Ellen Tio
Administration
Ellen covers accounting, HR and general administration functions. She joined us in 2007 following previous roles in audit firms such as Baker Tilly. Ellen holds a BSc in Business and Commerce.
>16 years with us.
Team of Programmers
Data Management & Analysis
We engage programmers on a part-time and contract basis to help extract, manage and analyse large data sets for investment research purposes.
.
Naruhisa Nakagawa
CIO / Founder
Naruhisa has over 20 years of multi-asset investment experience including within the prop trading desks of Goldman Sachs and Merrill Lynch. He launched his own strategy in 2009 before establishing Caygan to provide investment products that generate absolute returns over the longer term.
Nanda Lokanathan
CEO
Nanda has over 16 years of in-depth front and back office experience in multi-asset and multi-strategy investment firms. He applies his multidisciplinary background to drive Caygan’s growth as a quality institutional asset management firm that attracts and nurtures talent.
Kah Ming, Tan
Legal & Compliance
Kah Ming manages Caygan’s regulatory footprint across multiple jurisdictions. She is a former lawyer with a leading private law firm and a statutory board. She holds a LLB from National University of Singapore and a Diploma in Governance, Risk and Compliance.
>10 years with us.
Chris Millar
Business Development
Chris is responsible for business development and client relations. He has over 30 years of industry experience in trading and sales in fixed income and derivatives at leading investment banks and hedge funds. He holds a BA and MA in Economics from Cambridge University.
>5 years with us.
Teruko Kyuden
Fundamental Research
SVP of VC Investments
Teruko performs fundamental research on public and private companies globally. She is also responsible for Venture Capital (VC) deal sourcing. Teruko was formerly an investment banker with Goldman Sachs and Merrill Lynch. She holds an MBA from London Business School and a BA in Economics from the University of Tokyo.
>9 years with us.
Kie Kuriyama
Fundamental Research
VC Investments
Kie performs fundamental research on public and private companies globally. She is also responsible for Venture Capital (VC) deal sourcing. She was formerly a fixed income sales analyst with Citigroup Global Markets. Kie holds a MBA from National University of Singapore and a LLB from Keio University.
>9 years with us.
Terutoshi Saiki
Macro Research
Terutoshi performs macro research on key countries/regions globally. He first joined as a new graduate and has established himself as a macro expert utilizing large data sets and high frequency data. Terutoshi holds a BSc in Physics and MSc in Economics from the University of Tokyo.
>11 years with us.
Yuji Otsuka
Quantitative Research
Yuji performs quantitative analysis on multiple asset classes and securities. He first joined as an intern and has established himself as a Quant expert creating models to price, hedge and risk-manage complex financial instruments. Yuji holds a BSc and MSc in Economics from the University of Tokyo.
>10 years with us.
Takafumi Watabe
Financial Statement Research
Takafumi is a certified public accountant has more than 10 years experience auditing private companies in Japan. He has also taught accounting in Japanese Universities for over a decade. Takafumi is presently engaged by us as a specialist consultant.
>13 years with us.
Joanne Loke
Trading
Joanne trades for multiple asset classes across markets globally. She has over 15 years experience in trading and operations covering various asset classes within the fund management industry. Joanne holds a BSc in Economics, and a MSc in Accounting.
>13 years with us.
Terence Tham
Trading
Terence trades for multiple asset classes across markets globally. He first joined in 2011 and has gained in-depth training across fund operations, risk and trading functions within Caygan. Terence was formally with Citi Private Bank. He holds a BSc in Banking and Finance.
>12 years with us.
Kaiser Lim
Trading
Kaiser joined us in 2016 having formerly worked as a commodities and FX derivatives trader. He is presently expanding his scope to cover multiple asset classes in various markets. Kaiser was previously with Barclays Bank. He holds a BSc in Accounting and Finance.
>7 years with us.
Lik Yuen, Koo
Fund Operations
Lik Yuen covers fund operations and risk monitoring. She has over 13 years experience in similar roles within hedge funds and asset managers. Lik Yuen holds a double degree in Business and Information Systems from Singapore Management University.
>9 years with us.
Daniel Chan
Fund Operations
Daniel joined us in 2016 within fund operations and has expanded his scope to cover AML/KYC and related areas. He was formerly with Citco Fund Services. Daniel holds a Bachelor of Business (Economics and Finance).
>7 years with us.
Ellen Tio
Administration
Ellen covers accounting, HR and general administration functions. She joined us in 2007 following previous roles in audit firms such as Baker Tilly. Ellen holds a BSc in Business and Commerce.
>16 years with us.
Caroline Day
Administration
Caroline covers general administration, HR and accounting functions. She has over 30 years of relevant experience across various industry sectors in both small and multi-national firms.
>9 years with us.
Team of Programmers
Data Management & Analysis
We engage programmers on a part-time and contract basis to help extract, manage and analyse large data sets for investment research purposes.